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20121212
20121212
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to work and during his work, he went to the philippines. when he was in the philippines, the japanese invaded in world war ii. he was captured and put in a prisoner of war camp for three and a half years. he was about to be executed and the americans came and liberated the camp and he along with the other prisoners of war came back to america. frank buckles went back to west virginia where he worked his farm and drove the tractor until he was 107, madam speaker. it was his decision and his life's goal that he would be instrumental in helping build a memorial on the mall for all of the veterans who served in the great world war i. i met him in 2007 and this project has been going on now for five years. to try to get approval to build this memorial for all veterans of the world war i on the mall. almost as long as the war took. and so he came to washington, d.c. a few years ago, this is a picture of him that was taken recently before he died at the age of 110 at the d.c. memorial thope mall. what that is is a monument and memorial to all the veterans from the district of columbia that s
. the central bank in the philippines had a huge negative equity. the central bank can go on without necessarily having a positive equity. they have all sorts of tools they can theoretically use other than having to unwind their balance sheet. they can increase reserve ratio, the interest rates they pay on excess reserves, and so on. they have a lot of control. that makes me less worried about the fed's balance sheet. not that i approve of what they are doing recently. i think they can get out of it fairly easily. >> i would add the presence of this massive fed undertaking, in almost a desperate way, gets at the underlying problem. this is not a monetary policy issue. it is a fiscal policy issue. we have a lack of leadership. the threat of the tax policy expiring all tax policy, much of which has been in place to over a decade, has been a congressionally made thing. congress refuses to work on it until now. reich lot -- likewise, they have refused to tackle the spending part, both of which get us to our debt. you have this honor lack of anything happening -- utter lack of anything happening res
Search Results 0 to 1 of about 2